BIZTIPS - January 30, 2005

Biz Tips: A Letter to the President from Small Business
Sunday, January 30, 2005
By Art Hill

A year ago, Jack Stack, CEO of SRC Holding Corp. in Springfield, Missouri, wrote a letter to President Bush. No ordinary letter, it was printed in Inc. magazine, the leading publication for small company owners. Mr. Bush read the letter, and a month later he flew to Mr. Stack’s plant to address the nation on the importance of small business.

Mr. Stack wrote another letter this year. It appears in the February edition of Inc. While President Bush may not visit SRC Holdings again, it is important for all of us who are small business owners, managers, and employees to lend our voices to Mr. Stack’s.

In this year’s letter, Mr. Stack expresses grave concern about out-of-control healthcare costs, the lawsuit nightmare, the transfer of jobs to foreign countries, the impact of rising energy costs, raw materials shortages, global warming, and oppressive accounting regulations… in short, many of the top reasons small businesses are drowning in what Mr. Stack calls “invisible costs.”

What distinguishes Mr. Stack’s letter is that he proposes practical solutions in each area. Get small business representatives on healthcare institution boards. Pass tort reform legislation. Offer incentives to keep jobs in the U.S. Make it economically feasible to build new refineries. Make it more economical to recycle and remanufacture goods than to trash them. Reverse regulations that were aimed at Enron but wound up doubling accounting costs for small businesses.

Mr. Stack and Inc. magazine have done small business a great service, but now it’s our turn. The publishers of Inc. have asked that we add our concerns to Mr. Stack’s so they can be forwarded to the President. Take a minute today or tomorrow to log on at www.inc.com/president. If you do, there’s a small chance that Air Force One will touch down here a few weeks from now and you’ll get a response in person. But there’s a much greater chance that what you write will make a difference in national policy. Isn’t that the kind of support you want for small business? Isn’t that worth a couple of minutes of your time? You bet it is.


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